Wealthcare Advisory Partners LLC Acquires 211 Shares of Netflix, Inc. $NFLX

Wealthcare Advisory Partners LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 2,359 shares of the Internet television network’s stock after buying an additional 211 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Netflix were worth $3,159,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Optima Capital LLC increased its position in Netflix by 3.5% during the 2nd quarter. Optima Capital LLC now owns 239 shares of the Internet television network’s stock valued at $320,000 after buying an additional 8 shares in the last quarter. Unified Investment Management increased its holdings in shares of Netflix by 1.7% during the second quarter. Unified Investment Management now owns 474 shares of the Internet television network’s stock valued at $635,000 after acquiring an additional 8 shares in the last quarter. Plancorp LLC raised its position in shares of Netflix by 0.6% in the 2nd quarter. Plancorp LLC now owns 1,278 shares of the Internet television network’s stock worth $1,711,000 after purchasing an additional 8 shares during the last quarter. Five Oceans Advisors grew its position in Netflix by 1.1% during the 2nd quarter. Five Oceans Advisors now owns 751 shares of the Internet television network’s stock valued at $1,006,000 after purchasing an additional 8 shares during the last quarter. Finally, Old Port Advisors grew its position in Netflix by 1.3% during the 2nd quarter. Old Port Advisors now owns 624 shares of the Internet television network’s stock valued at $836,000 after purchasing an additional 8 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In related news, CEO Theodore A. Sarandos sold 2,026 shares of the business’s stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $1,160.62, for a total transaction of $2,351,416.12. Following the transaction, the chief executive officer directly owned 15,168 shares in the company, valued at $17,604,284.16. The trade was a 11.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory K. Peters sold 2,026 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $1,157.44, for a total value of $2,344,973.44. Following the completion of the sale, the chief executive officer owned 12,781 shares of the company’s stock, valued at approximately $14,793,240.64. This trade represents a 13.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,100 shares of company stock valued at $122,710,980. Corporate insiders own 1.37% of the company’s stock.

Netflix Price Performance

NFLX opened at $1,153.32 on Monday. The firm has a market capitalization of $490.08 billion, a PE ratio of 49.14, a price-to-earnings-growth ratio of 1.94 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.34. The business’s 50-day moving average is $1,207.36 and its two-hundred day moving average is $1,161.81. Netflix, Inc. has a 1 year low of $677.88 and a 1 year high of $1,341.15.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, beating analysts’ consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion for the quarter, compared to analysts’ expectations of $11.04 billion. During the same period last year, the business earned $4.88 EPS. The company’s revenue was up 15.9% compared to the same quarter last year. Netflix has set its FY 2025 guidance at EPS. Q3 2025 guidance at 6.870-6.870 EPS. Research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NFLX has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Netflix in a research report on Saturday, September 27th. Citigroup reaffirmed a “neutral” rating and set a $1,295.00 target price (up from $1,280.00) on shares of Netflix in a report on Friday. UBS Group restated a “market underperform” rating on shares of Netflix in a research note on Saturday, July 19th. Piper Sandler upped their target price on shares of Netflix from $1,400.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. Finally, Zacks Research downgraded Netflix from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $1,335.00.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.